The Prosperity Fund seeks to promote systemic changes in partner countries through a number of large programmes from 2017 to 2018 onwards. Programmes will focus on either a number of issues within a specific country, or a crosscutting theme in multiple countries.
The Fund has moved from single-year projects to multi-year programmes so that it can target larger opportunities that take more time to achieve, but offer higher benefits in countries with the highest potential for inclusive growth. As well as contributing to a reduction in poverty in those countries, the programmes should create opportunities for international businesses including those from the UK. All aid projects and programmes comply with the International Development Act 2002, the International Development (Gender Equality) Act 2014, the OECD Development Assistance Committee (DAC) criteria, and UK Government transparency commitments on ODA spend.
The Fund’s portfolio is currently split between 23 countries and across 12 sectors with programmes by a range of UK government departments. See the 2017 to 2018 Prosperity Fund annual report for a breakdown of estimated spend across the Fund.
Many of these programmes are still in development and information will be added to these pages as it becomes available as part of the Fund’s commitment to transparency.